Paymentus (NYSE:PAY) Shares Cross Above 200-Day Moving Average - Here's What Happened

Key Points

• Paymentus Holdings, Inc. shares have crossed above their 200-day moving average, indicating positive momentum, with a current trading price of $33.93.
• Equities analysts have shown optimism, with several issuing upgraded ratings and a consensus target price of $37.00 for the stock, reflecting a Moderate Buy rating.
• For the latest quarter, Paymentus reported an EPS of $0.15 and revenue of $280.08 million, exceeding analysts' expectations significantly and marking a 41.9% year-over-year revenue growth.

Shares of Paymentus Holdings, Inc. (NYSE:PAY - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.65 and traded as high as $34.31. Paymentus shares last traded at $33.93, with a volume of 695,884 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PAY shares. Raymond James Financial set a $38.00 price objective on shares of Paymentus and gave the company an "outperform" rating in a report on Tuesday, August 5th. Wall Street Zen upgraded shares of Paymentus from a "hold" rating to a "buy" rating in a research report on Saturday, July 5th. Robert W. Baird boosted their target price on shares of Paymentus from $36.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wolfe Research raised shares of Paymentus from a "peer perform" rating to an "outperform" rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Paymentus has a consensus rating of "Moderate Buy" and a consensus target price of $37.00.

Paymentus Stock Performance

The stock's 50-day simple moving average is $33.86 and its 200 day simple moving average is $32.65. The company has a market capitalization of $4.25 billion, a PE ratio of 78.91 and a beta of 1.57.

Paymentus (NYSE:PAY - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The business services provider reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $280.08 million for the quarter, compared to the consensus estimate of $262.78 million. Paymentus had a net margin of 5.37% and a return on equity of 12.63%. The company's quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.12 EPS. Paymentus has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Paymentus Holdings, Inc. will post 0.39 earnings per share for the current year.

Institutional Trading of Paymentus

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in shares of Paymentus by 83.9% in the 4th quarter. Bank of America Corp DE now owns 14,096 shares of the business services provider's stock worth $461,000 after acquiring an additional 6,429 shares during the period. Cetera Investment Advisers increased its holdings in Paymentus by 7.1% during the 4th quarter. Cetera Investment Advisers now owns 13,296 shares of the business services provider's stock valued at $434,000 after acquiring an additional 883 shares in the last quarter. Deutsche Bank AG purchased a new position in Paymentus during the 4th quarter valued at about $73,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Paymentus by 3.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,612 shares of the business services provider's stock valued at $510,000 after acquiring an additional 484 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Paymentus by 28.1% during the 4th quarter. Two Sigma Investments LP now owns 92,918 shares of the business services provider's stock valued at $3,036,000 after acquiring an additional 20,410 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Paymentus Company Profile

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.

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